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REGISTERED NUMBER: 04935729 (England and Wales)













B and B Electrical Contractors Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






B and B Electrical Contractors Limited (Registered number: 04935729)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B and B Electrical Contractors Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: W Barr
Mrs A Barr





SECRETARY: Mrs A Barr





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 04935729 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

B and B Electrical Contractors Limited (Registered number: 04935729)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,992 7,377

CURRENT ASSETS
Stocks 1,210 5,129
Debtors 6 39,323 42,774
Cash at bank 52,181 14,663
92,714 62,566
CREDITORS
Amounts falling due within one year 7 63,850 43,625
NET CURRENT ASSETS 28,864 18,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,856

26,318

CREDITORS
Amounts falling due after more than one
year

8

16,667

19,880
NET ASSETS 30,189 6,438

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 30,087 6,336
SHAREHOLDERS' FUNDS 30,189 6,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B and B Electrical Contractors Limited (Registered number: 04935729)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





W Barr - Director


B and B Electrical Contractors Limited (Registered number: 04935729)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

B and B Electrical Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

B and B Electrical Contractors Limited (Registered number: 04935729)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,659 4,467 26,949 15,506 52,581
Additions - - 16,350 292 16,642
At 31 December 2023 5,659 4,467 43,299 15,798 69,223
DEPRECIATION
At 1 January 2023 3,923 3,990 24,245 13,046 45,204
Charge for year 261 95 4,763 908 6,027
At 31 December 2023 4,184 4,085 29,008 13,954 51,231
NET BOOK VALUE
At 31 December 2023 1,475 382 14,291 1,844 17,992
At 31 December 2022 1,736 477 2,704 2,460 7,377

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,464 40,915
Other debtors 1,859 1,859
39,323 42,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,932 2,501
Trade creditors 23,240 8,431
Taxation and social security 29,850 26,208
Other creditors 7,828 6,485
63,850 43,625

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,667 19,880

B and B Electrical Contractors Limited (Registered number: 04935729)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,556 9,880